Submitted by attractcapital • March 20, 2020
www.attractcapital.com
Due to the effort it takes to close a mezzanine debt loan, people often think the hard part is done at closing. It’s true that closing a mezzanine loan takes a lot of work. The post-closing administration of the loan by the borrower and the lender also takes a bit of time and focus. The key to building a good post-closing relationship with your mezzanine debt lender is through establishing good communication practices with them. Because most mezzanine debt loans are provided by small middle market funds, there’s usually a good relationship that forms pre-closing that informs the people, requirements and processes post-closing
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